FDA Drug Approvals, Board Elections, and Agreed and Completed Acquisitions - Analyst Notes on Quintiles, ICON, Alere, WuXi and Novadaq
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NEW YORK, May 16, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Quintiles Transnational Holdings Inc. (NYSE: Q), ICON plc (NASDAQ: ICLR), Alere Inc. (NYSE: ALR), WuXi PharmaTech (Cayman) Inc. (NYSE: WX) and Novadaq Technologies Inc. (NASDAQ: NVDQ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2535-100free.
Quintiles Transnational Holdings Inc. Analyst Notes
On May 12, 2014, Quintiles Transnational Holdings Inc. (Quintiles) announced that it has signed an agreement to acquire Encore Health Resources (Encore). Encore is a leader in the health-information analytics and technology services industry focused on healthcare providers. "Today's announcement signifies the increasing importance of leveraging EHR and real-world information to inform our customers and improve their probability of success," said Tom Pike, CEO. "Encore has significant EHR expertise, strong relationships with many large U.S. provider networks and academic medical centers as well as experienced consultants, proven tools, and methodologies. It will be a key strategic addition for our business that will extend our services suite and allow us to work with Encore to strengthen its provider-focused solutions." According to the Company, the transaction is expected to close later in Q2 2014, following which Encore will join Quintiles' Integrated Healthcare Services segment and be known as "Encore, A Quintiles Company." The full analyst notes on Quintiles are available to download free of charge at:
http://www.analystsreview.com/2535-Q-16May2014.pdf
ICON plc Analyst Notes
On May 8, 2014, ICON plc (ICON) announced the completion of its previously announced acquisition of Aptiv Solutions (Aptiv). "Aptiv's adaptive trial capabilities, combined with our existing technology platforms, such as ICONIK and Firecrest, will further differentiate our services and help our customers take time and cost out of the development process," commented Dr. Nuala Murphy, President, ICON Clinical Research Services. "Their presence in Japan and medical device capabilities will also broaden our offerings in these markets." Aptiv is a company focused on the design and execution of adaptive clinical trials for pharmaceutical and biotech customers. The full analyst notes on ICON are available to download free of charge at:
http://www.analystsreview.com/2535-ICLR-16May2014.pdf
Alere Inc. Analyst Notes
On May 5, 2014, Alere Inc. (Alere) announced that the separation of CEO and Chairman roles, under which the Board unanimously elected Gregg J. Powers as Chairman of the Board of Alere while Ron Zwanziger will continue as President, CEO and a member of the Board. Further, the Company also announced that Alere is undertaking a comprehensive review of its strategy and operations, which is to aid the Company in finding opportunities to enhance shareholder value. The Board also intends to select and engage an international consulting organization to assist it with this process in the near future. The full analyst notes on Alere are available to download free of charge at:
http://www.analystsreview.com/2535-ALR-16May2014.pdf
WuXi PharmaTech (Cayman) Inc. Analyst Notes
On May 5, 2014, WuXi PharmaTech (WuXi) and TaiMed Biologics announced the FDA approval of the first batch of the ibalizumab (TMB-355) drug substance and sterile drug product for ongoing treatment of patients under investigator-sponsored IND's. Dr. Ge Li, Chairman and CEO of WuXi PharmaTech commented, "WuXi is proud to serve as a gateway for developing novel biologics in China. Our integrated biologics discovery, development, manufacturing and testing service platform provides our customers with a seamless solution to bring their biologics products to the market globally and in China." According to the Company, this is the first reported FDA approval of a sterile biologics product manufactured in China for use under a U.S. IND, which represents an important milestone of WuXi's investment to expedite global development of innovative biologics. The full analyst notes on WuXi are available to download free of charge at:
http://www.analystsreview.com/2535-WX-16May2014.pdf
Novadaq Technologies Inc. Analyst Notes
On May 12, 2014, Novadaq Technologies Inc. (Novadaq) announced that after satisfying all closing conditions, it has completed the acquisition of Aïmago SA ("Aïmago"). Founded in 2008, Aïmago was previously a privately held medical imaging company, which was a spin off from Ecole Polytechnique Fédérale de Lausanne ("EPFL") - a Switzerland based academic and research institution. Aïmago will now continue as a fully owned Novadaq subsidiary. The full analyst notes on Novadaq are available to download free of charge at:
http://www.analystsreview.com/2535-NVDQ-16May2014.pdf
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